This week the crypto market moved in a rough way. Big coins went down and came back up many times. Bitcoin fell under a key level and then tried to recover. Ethereum also moved in the same pattern. Most of the market stayed weak as many people pulled away from risky trades. Still a few strong chains showed good gains and surprised many traders.
The biggest winner this week was MYX Finance. It went up seventeen percent and reached a price close to three dollars. This is the fifth week in a row where MYX closed green. The rise did not look like a short move. MYX has been moving up for more than a month and has made higher highs on the weekly chart. It has also broken past strong price levels. This shows a clear strong trend. Many traders think that a clean move above three dollars looks close. Data also shows that many traders used leverage in this push. Even with that the chart still shows strong buyer power.
The next strong mover was Bitcoin Cash. It moved up eight percent and traded near five hundred eighty dollars. It has also made three green weekly candles in a row. But one thing to watch is the next big resistance level. This is the same level where Bitcoin Cash failed to break in October and then dropped down. If buyers hold the zone around five hundred sixty to five hundred eighty next week then a move to six hundred looks possible.
Chainlink came in third with a rise of almost seven percent. This move looks important because the price is sitting at a turning point. It has bounced for two weeks after a heavy drop in mid Q3. This can be the start of a stronger recovery. One big buy from a large holder also helped the mood. Selling pressure looks weaker now and that gives Chainlink a chance for a clear move up.
Some other coins outside the main list also did very well. One coin jumped more than two hundred percent. Another coin went up one hundred eighty seven percent. One more reached almost double in value. These huge moves came during a week when most coins stayed flat or fell.
On the losing side Canton was the biggest dropper. It fell twenty five percent. The chart shows a strong downtrend with three lower lows in a row. Even a small bounce in late November did not hold. Sellers are still strong and buyers are not showing real demand. Many traders are also using high risk trades which can push the price lower. Without real buying power Canton may fall again.
Zcash was the next big loser with a drop of nineteen percent. This comes after a huge rally earlier in the year. Now many holders are taking profit. The chart shows three strong red weeks. This looks like a normal cool down after a big run.
Morpho also saw a fall of fifteen percent. Buyers tried for a long time to push the price up but could not break key levels. Now sellers are getting control and the price is close to the one dollar zone. If buyers do not show up the price may fall toward zero point eight.
This week was full of fast moves both up and down. Some coins showed strength even in a weak market. Others fell hard. As always traders need to stay aware do simple checks and handle risk with care.
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